The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic.
This is the fourth extension of the programs, which were set to expire Sept. 30, 2021. On October 1, 2021, FHFA will allow the Enterprises to continue offering COVID-19 forbearance to qualified multifamily owners, unless otherwise instructed by FHFA.
"Given the uncertain nature of this pandemic, FHFA is taking further action to protect renters, property owners, and the mortgage market," said Acting Director Sandra L. Thompson.
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